Global Home Audio Equipment Market to Exceed US$20 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Home Audio Equipment markets. Sales of home audio equipment worldwide are projected to exceed US$20 billion by 2015. Factors driving the market include continued development of innovative products with technologically advanced features, widespread popularity of new generation audio technologies and growing consumer preference for high-quality content. Besides this, growth opportunities stem from the widening consumer base in Asia-Pacific, Latin America, and the Middle East markets following increase in disposable incomes, higher affordability, and rapid urbanization trends.

Home Audio Equipment: A Global Strategic Business Report

San Jose, California (Vocus)October 26, 2010

The Home Audio Equipment industry continued to rake in growth in terms of both volume and value sales amid the economic meltdown, driven by rocketing sales of new technologies such as Blu-ray and a resurge in the Home-Theatre-in-a-Box (HTiB) market. Consumer electronics such as mp3 players, computers, Blu-ray players and video games provide economic sources of entertainment for families stressed by uncertainties with job and career during the economic meltdown. In fact, several electronic devices have become an almost essential part of general living, particularly in the developed world. Home audio equipment represents a significant market in the worldwide consumer electronics industry. In the developed countries, home audio equipment is almost a mature market with almost every household owning an equipment. Increasing levels of disposable income and consumer acceptance of innovative technology developments is helping expand the market for electronic products, especially digital consumer electronic goods. The trend towards faster Internet connectivity, Internet-exclusive entertainment, high-speed data streaming, and deployment of highly sophisticated equipment for storing music is expected to lead to a spurt in innovations in portable home audio equipment as stated by the new market research report on Home Audio Equipment.

Quick and high price deflation forms an integral feature of the consumer electronics industry. As a result, new innovative products are priced at higher price to skim the market and maximize profit. Products with high appeal, aesthetic design and innovative features win the race in the highly competitive audio equipment market. Within the global Home audio equipment market, Home Theater-in-a-Box represents the fastest growing segment in terms of both volume and value sales. Suppliers and manufacturers of HTiB systems are striving to expand market penetration by making systems less visually intrusive and easy to use. Home radios comprise the smallest segment in terms of value sales. Demand for digital radios is on rise in several Asian markets, including Korea, Australia, Singapore, and Taiwan, propelled largely by growing marketing and promotional activities. Asia-Pacific market for Home Radios is projected to reach US$169 million by 2015.

The research report titled “Home Audio Equipment: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, recent corporate activity, and product developments. Analysis is presented for major geographic markets including The US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Latin America and Middle East & Africa. Analytics for the period 2000 through 2015 are provided in terms of product segments including Home Audio Systems, Home Audio Separate Components, Home Theater in a Box, and Home Radios.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.